You are completely delusional and brainwashed. California is literally carrying the country.
It has the 4th largest economy in the world. That means it’s the best economy of any state by a large margin.
California has the 5th largest economy in the world (compared to other countries), produces a third of the country’s fruits and vegetables, and basically subsidizes all the poor, primarily red states…
California has kept the US at the forefront of the world stage in tech with Silicon Valley, in entertainment with Hollywood, and dare I say cars with Tesla (as much as Elon hates CA these days because COVID and taxes, Tesla would have never survived without California subsidies and green policies).
But go on living in your Fox News world and ignoring reality.
You list assets and debt. Nothing about revenue. Nothing about the surplus California just had. Nothing about expected income. Nothing about the balance books of other states (guess what, every country and state runs with debt financing).
If California is in trouble because of its economy, then every state is bigger trouble.